Meikarta Peduli Helps Siloam Build Six New Covid-19 Emergency Hospitals

Workers are on site 18 hours a day to complete the hospitals using prefabricated materials in 14 days.

#CORPORATE NEWS

Bank Indonesia Strikes Deal for Repo Line From US Fed

The country's foreign exchange reserves fell by $9.4 billion or 7.2 percent in March alone to $121 billion.

APRIL 07 #ECONOMY

Indonesia Raises $4.3b From Pandemic Bonds

The historic issuance includes the first 50-year dollar-denominated bonds ever issued by an Asian country.

APRIL 07 #ECONOMY

Hotels Forced to Close Down as Occupancy Rates Plunge

Tourism and Creative Economy Minister Wishnutama said the tourism sector may only start to recover in 2022.

APRIL 07 #TRAVEL

Covid-19 Pandemic Likely to Delay Construction of Indonesia's New Capital

A government official has revealed the new capital city project might get delayed by the coronavirus pandemic.

APRIL 07 #POLICY

Blow to the Budget: Gov't Expects Deficit as Covid-19 Stimulus Erodes Revenue

Taxation revenue is also likely to suffer during the pandemic as businesses are forced to stop operations and lay off employees.

APRIL 06 #ECONOMY

Global Investors 'Confident' With Indonesian Economy: Central Bank

Bank Indonesia may not need to use its money-printing power after all as investors line up to buy recovery bonds.

APRIL 02 #ECONOMY

VISION

Drive-Through Rapid Testing for Covid-19 in Bogor

The Bogor city administration conducted the test at Pajajaran Stadium on Tuesday.

#EYEWITNESS

Pandemic Pushes Gov't to Collect Zoom, Netflix Taxes Earlier Than Planned

The government will collect tax from digital services including Zoom and streaming services to strengthen the tax base.

APRIL 02 #POLICY

Stimulus Aimed at Avoiding Recession as Covid-19 Hits Informal Sector Hard

Indonesia's informal sector provides more than 55 million jobs but is losing its resilience as the pandemic stops people from working.

APRIL 01 #POLICY

Bank Indonesia Set to Buy Gov't Recovery Bonds

Indonesia had abandoned the practice – basically the central bank printing money for the government – in 1999 to impose fiscal discipline.

APRIL 01 #ECONOMY

Indonesia Drops 3% Budget Deficit Cap for $25b Covid-19 Stimulus

The additional spending would be focused on healthcare, social safety net, tax breaks and restructuring business loans. 

MARCH 31 #ECONOMY

SOE Minister Says 'Strategic Projects' Will Continue During Coronavirus Epidemic

Erick Thohir said Indonesia does not want to get left behind when the epidemic is over.

MARCH 30 #POLICY

More Restrictions at Indonesian Airports to Prevent Spread of Covid-19

The pandemic has already reduced airport revenues by 20 percent.

MARCH 30 #TRAVEL

Local Manufacturers Can Meet PPE, Medicine Demand During Pandemic

Indonesia can make 17.3 million pieces of coverall suits, 717 million pair of gloves and 150 million pieces of surgical masks per month

MARCH 29 #CORPORATE NEWS

APP Sinar Mas China Donates 40 Tons of Medical Supplies to Indonesia

Indonesia is in dire need of personal protective equipment for its medical workers amid rising number of Covid-19 patients

MARCH 27 #CORPORATE UPDATES

Gov't Mulls Over Issuing Recovery Bonds to Protect Workers Against Layoffs

The government will sell new bonds to Bank Indonesia and private investors and use the proceeds for special loans to local businesses.

MARCH 26 #ECONOMY

Gov't Imports to Secure Supply of Staple Food During Pandemic

The government urges Indonesians to avoid panic buying to keep prices stable.

MARCH 26 #COMMODITY

OJK Shortens Stock, Bond Trading Hours

The bourse will be open for trading for just for hours every day starting next week until the OJK lifts the restriction.

MARCH 25 #SECURITIES

G20, World Bank, IMF Set Up Covid-19 Relief Fund

The IMF has projected a global recession worse than the 2008 global financial crisis.

MARCH 25 #ECONOMY

Enough Liquidity in Indonesia Despite $7.9b Foreign Investment Exit From Covid-19: Central Bank

The majority of the capital outflow occurred in March when Indonesia started reporting Covid-19 cases.

MARCH 24 #ECONOMY